UBS Asset Management Americas Inc. cut its position in Motorola Solutions Inc. (NYSE:MSI) by 7.8% during the third quarter, Holdings Channel reports. The institutional investor owned 634,394 shares of the company’s stock after selling 53,997 shares during the period. UBS Asset Management Americas Inc.’s holdings in Motorola Solutions were worth $48,392,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Motorola Solutions by 84.2% in the second quarter. American Century Companies Inc. now owns 52,951 shares of the company’s stock worth $3,493,000 after buying an additional 24,209 shares during the period. Vanguard Group Inc. raised its stake in shares of Motorola Solutions by 26.3% in the second quarter. Vanguard Group Inc. now owns 12,381,540 shares of the company’s stock worth $816,811,000 after buying an additional 2,580,735 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in shares of Motorola Solutions by 3.5% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 42,571 shares of the company’s stock worth $3,247,000 after buying an additional 1,443 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Motorola Solutions by 3.6% in the third quarter. Nisa Investment Advisors LLC now owns 93,207 shares of the company’s stock worth $7,110,000 after buying an additional 3,280 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of Motorola Solutions by 2.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 139,754 shares of the company’s stock worth $10,660,000 after buying an additional 3,396 shares during the period. 84.05% of the stock is currently owned by institutional investors.
Motorola Solutions Inc. (NYSE:MSI) traded up 0.12% during mid-day trading on Tuesday, hitting $81.02. The stock had a trading volume of 166,449 shares. Motorola Solutions Inc. has a 52 week low of $59.13 and a 52 week high of $82.20. The stock’s 50-day moving average is $77.18 and its 200 day moving average is $73.05. The company has a market capitalization of $13.45 billion, a P/E ratio of 23.91 and a beta of 0.43.
Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.17. Motorola Solutions had a negative return on equity of 190.73% and a net margin of 10.19%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $0.82 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Motorola Solutions Inc. will post $4.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be given a $0.47 dividend. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.41. This represents a $1.88 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Tuesday, December 13th. Motorola Solutions’s dividend payout ratio (DPR) is currently 48.09%.
MSI has been the topic of a number of recent analyst reports. Zacks Investment Research raised Motorola Solutions from a “hold†rating to a “buy†rating and set a $83.00 target price on the stock in a research report on Wednesday, August 10th. Credit Suisse Group AG reaffirmed a “buy†rating and set a $80.00 target price on shares of Motorola Solutions in a research report on Friday, November 4th. Jefferies Group reaffirmed a “hold†rating on shares of Motorola Solutions in a research report on Friday, September 2nd. Finally, BMO Capital Markets reaffirmed a “market perform†rating and set a $72.00 target price on shares of Motorola Solutions in a research report on Thursday, August 18th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold†and an average target price of $75.21.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. Its Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines, including Devices and Systems.
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